|
|
HAPPY THANKSGIVING!
The MSCPA offices will be closed on Thursday and Friday
in observance of the holiday.
_________________________________________________________
>
EFFECTIVE IN SIX WEEKS!
Beginning In 2008, All CPA Firms Who
Provide Attest Services
Must Be Enrolled In Peer Review
Are you
aware that Missouri Accountancy Law requires
that firms that provide attest, review, or
compilation services must be enrolled in an approved peer review program?
While the
requirement has been in effect for those providing three or more attest
services since 2004, the law will soon require any firm that provides even
one of these services to be enrolled in an approved practice-monitoring or peer review program to ensure firm licensure. The
law specifically states that within 90 days after entering into an
engagement, a firm must enroll in the program.
To view
the specific language related to peer review in the Missouri Accountancy Act,
go to: http://www.sos.mo.gov/adrules/csr/current/20csr/20c2010-5.pdf
For more
information about Missouri’s
peer review program, go to: http://www.mocpa.org/Content/22292.aspx
To enroll
your firm, please complete the enrollment form: http://www.mocpa.org/content/files/documents/07enrollment.doc
__________________________________________________________
> REGISTER TODAY! MSCPA Legislative and Keyperson Forum
Join your fellow CPAs at the MSCPA Legislative and
Keyperson Forum on Thursday, December 6,
2007 from 9:00a.m. - 2:00p.m. at the Capitol Plaza
Hotel in Jefferson City,
sponsored by the Missouri Society of CPAs' Legislation and Governmental
Advocacy committee.
This complimentary forum includes insight to the
coming legislative session, an update on legislative and professional issues,
and a review of the important role of MSCPA members acting as keypersons.
BONUS! Fulfill
your two hour ethics requirement by attending this session! (Please note: $65 if attending
ethics session only!)
Agenda: http://www.mocpa.org/content/files/pdfs/2007%20Forum%20Flyer.pdf
To register: http://www.mocpa.org/Content/22580.aspx
__________________________________________________________
> LEAP Contributor
Campaign
With the number of Baby Boomers nearing retirement, a disproportionate
number of new CPAs is needed in the coming years to sustain the CPA
profession. Now more than ever,
the LEAP Scholarship Program is needed to help young people understand
the rewards of working in this great profession.
One hundred percent of money donated goes directly toward scholarships. You can contribute quickly and easily
online with a credit card by visiting http://www.mocpa.org/leap/leap1.html.
The future
sustainability of the CPA profession rides on what you
do today!
__________________________________________________________
> Research: Your Input is Needed On US Tax Advice Penalty Standard
The
Accounting Department at Saint
Louis University
requests your input on this short survey on Internal Revenue Code Section
6694.
Legislation
effective May 25, 2007 (Small Business and Work Opportunity Act of 2007, Pub.
L. no. 110-28) establishes a "more likely than not" standard for
tax advisers to avoid Internal Revenue Code Section 6694 understatement
penalties for advice on a US tax return position that is not separately
disclosed. A monetary penalty of up to 50 percent of the income derived by
the adviser may be imposed if a US federal return or claim for
refund that is filed does not disclose a position for which the adviser did
not reach a more-likely-than-not opinion.
Take the survey
here:
https://www.surveymonkey.com/s.aspx?sm=tINFRyqDJP1v4kxq739Hmg_3d_3d
__________________________________________________________
> AICPA Supports
Bill Banning Tax Strategy Patents
The AICPA
commends the introduction of a bill by Senate Finance Committee leaders to
prohibit patents on tax planning methods. http://www.aicpa.org/AICPA_TAX_PATENT_press_release_11-19-07.pdf
___________________________________________________________
> Suit Alleges that Tax Companies Overcharge for E-Filing
A Philadelphia woman is seeking class action status for a lawsuit
accusing H&R Block, Intuit and other tax software makers of
overcharging consumers who pay to file their taxes online.
http://accounting.smartpros.com/x59851.xml
__________________________________________________________
> The Art of
Referral Development
WebCPA reports
that to maximize the number and quality of referrals,
firms formalize the process, provide training, and add accountability.
http://www.webcpa.com/article.cfm?articleid=25928
_____________________________________________________________
Sponsored By: Information, Inc.
Information
Inc.'s handcrafted business intelligence services provide up-to-the-minute
information on critical issues. Decision-makers in more than 2,000 major
corporations, associations and government agencies worldwide have relied on
our comprehensive news services for the past 22 years. To learn how our
timely, targeted, custom services can help you compete in the 21st century,
go to: http://www.infoinc.com/s
tatecpa/contact.html
Technology & Productivity Weekly is a
membership benefit and is
intended for your personal use only.
This Week's Headlines
VoIP Rollout in 10 Steps
Social Networkers Reach Out More
With Cellphones
Intuit Offers Payroll Without
QuickBooks
Data Destruction Made Simple and
Cheap
Connecting Remote Workers
Not Ready to Buy Into VoIP? Lease
It
Keeping Company Information Safe
When Using Remote Access
Up, Running in 4 Seconds
Unchain Your Computing Power:
Develop a Wireless Network Plan
Data Governance: Corporate
Messaging Governance
|
CPE 2007
For CPAs in
Public Practice
All courses are 8 CPE hours unless
otherwise noted.
Seminars:
How to
Explain & Present Financial Information to Non-Accountants
December
17, 2007—Columbia
2007
Heartland Technology Conference
December
17-18, 2007—Kansas City
16 CPE
Hours
Legal
Toolkit for Business Owners, Controllers, & CPAs
December
17, 2007—Kansas City
Nonprofit
Organizations -- A Guide to Advanced Tax Planning
December
17, 2007—St. Louis
Advanced
Planning for
S Corporations
December
17, 2007—Springfield
Leadership
Secrets of Football’s Master Coaches
December
18, 2007—Columbia
Negotiations
& Tax Aspects of Buying & Selling a Business
December
18, 2007—Kansas City
Form 990
-- AICPA's Answer to Unlocking the Tax Complexities
December
18, 2007—St. Louis
Taxation
of LLCs, LLPs, LPs &
Other Partnerships
December
18, 2007—Springfield
Surgent McCoy's Tax Camp
December
19, 2007—Kansas City
December
20, 2007—St. Louis
The
Fundamentals of Federal Payroll Taxes, Benefits & New Hire Reporting
December
19, 2007—St. Louis
December
20, 2007—Kansas City
_____________________________
|
LAST CHANCE CLASSES!
This
is your last chance to attend these innovative courses
MSCPA
Fall Tax Institute
November
28, 2007—Kansas City
December
4, 2007—Springfield
16
CPE Hours
Fraud
& Embezzlement: Don't Be a Victim!
November
29, 2007—Columbia
November
30, 2007—St. Louis
The
Complete Guide to Preparing LLC, Partnership & S Corporation Federal
Income Tax Returns
November
30, 2007—Kansas City
The Top
50 Bloopers & Blunders & How to Fix Them: Estate Planning &
Administration
December
3, 2007—Columbia
Income
Taxation of Estates & Trusts
December
3, 2007—St. Louis
The Best
Estate-Planning Update Course by Surgent McCoy
December
4, 2007—Columbia
Multistate Income Tax: Mastering the
Complexities
December
7, 2007—Kansas City
Tax,
Health Care & Asset Protection for Aging Clients
December
4, 2007—St. Louis
Don’t Miss Out!
|
________________________________
Technology Tip of the Week
Provided
by the MSCPA Information Technology Committee
Use
Excel's Formatting Tools To Make Excel Charts Easier To Read By Adjusting
Data Markers
Brighten
it up! You can adjust the color and spacing of your data markers to organize
and codify your Excel charts. This explanation will show you easily you can
make the data easy on the eyes, too.
More
To view recently archived issues of “Technology Tip of the Week,” go to:
http://www.mocpa.org/techtips.html
________________________________
Contact Us
For comments or questions, contact:
Dawn Martin - dmartin@mocpa.org
To view online:
http://www.mocpa.org/Content/files/
newsletters/2007/news091807.html
For technical assistance, contact:
Christy
Aven -caven@mocpa.org
To update your e-mail address:
Please include your old
e-mail address,
new e-mail address and MSCPA
member ID (if known) and send it to member@mocpa.org.
Please note:
This newsletter may contain commercial material.
Missouri Society of CPAs
540 Maryville Centre Drive, Suite 200
St.
Louis, MO 63141
© 2007 Missouri Society of Certified Public
Accountants - All Rights Reserved
|
|
